California alcohol bill would hurt Fresh & Easy, analyst says

A California bill that would ban alcohol sales at self-checkout stations would harm Fresh & Easy Neighborhood Market and could prompt parent company Tesco, based in the U.K., to leave the U.S., an analyst said. Fresh & Easy, with 126 stores in California, has only self-checkout and "already has a high fixed-cost issue with very weak sales densities," said MF Global analyst Mike Dennis.